148 Breakwater Drive #302South PortlandME04106
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in South Portland at 148 Breakwater Drive #302, South Portland, ME, 04106 uses $98,953 cash to close to unlock $4,177/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $2,232/mo, and a $1,461/mo payment keeps the spread at $348/mo. Purchase price stands at $298,500, and rental yield measures 8.97% with $2,232/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $82,470 over five years. Five-year ROI reaches 125.68% and total cumulative return in cash records $124,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,232/mo property income covering a $1,461/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,146 (100%) |
| Owner Occupied HU | 7,500 (57.1%) |
| Renter Occupied HU | 5,002 (38.0%) |
| Vacant Housing Units | 644 ( 4.9%) |
| Median Home Value | $478,306 |
| Average Home Value | $555,106 |
Housing Distribution
Address Breakdown
Residential
12,561
Single Family
10,028
Multi-Family
2,533
Businesses
1,272
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1647217